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Insights for Canada
BETA
May 2026 period, National level, Product aggregation
AI
Summary: In summary, Canada's trade values in May 2026 showed a positive trend in both imports and exports compared to the previous month and the same month last year. Total imports increased to 71.12 billion CAD, up by 1.77 billion CAD (2.55%) month-on-month and 5.39 billion CAD (8.20%) year-on-year. Total exports reached 69.53 billion CAD, with a month-on-month increase of 2.12 billion CAD (3.15%) and a year-on-year increase of 11.04 billion CAD (18.88%). The trade flow dynamics indicate a robust trade relationship with the United States, while challenges remain with certain countries due to tariff disputes and other trade complexities.
AI
MoM insights: In May 2026, Canada's trade values showed notable month-on-month changes. Imports from China reached 7.85 billion CAD, increasing by 1.08 billion CAD (15.89%). South Korea followed with imports of 2.04 billion CAD, up by 651.04 million CAD (46.93%). Nigeria saw a significant rise in imports, totaling 526.58 million CAD, with a change of 315.28 million CAD (149.21%). On the lower end, imports from Chile decreased to 153.56 million CAD, down by 302.66 million CAD (-66.34%). Canada itself had imports of 371.71 million CAD, down by 181.75 million CAD (-32.84%). The total imports for the month were 71.12 billion CAD, an increase of 1.77 billion CAD (2.55%). Exports to the United States were the highest at 47.96 billion CAD, increasing by 1.53 billion CAD (3.30%). The Netherlands and China also saw increases in exports, with values of 1.45 billion CAD (615.63 million CAD, 73.95%) and 3.99 billion CAD (400.64 million CAD, 11.11%) respectively. However, exports to the United Kingdom fell to 5.36 billion CAD, down by 1.22 billion CAD (-18.55%). Overall, total exports reached 69.53 billion CAD, an increase of 2.12 billion CAD (3.15%).
AI
YoY insights: Year-on-year comparisons for May 2026 revealed significant changes in trade values. Imports from the United States totaled 32.53 billion CAD, an increase of 3.87 billion CAD (13.49%). Mexico's imports rose to 4.94 billion CAD, up by 693.63 million CAD (16.35%). Germany also saw an increase, with imports reaching 2.34 billion CAD, up by 480.67 million CAD (25.85%). Conversely, imports from Switzerland decreased to 522.48 million CAD, down by 1.08 billion CAD (-67.36%). Imports from China were 7.85 billion CAD, down by 526.58 million CAD (-6.29%). The total imports for the year were 71.12 billion CAD, an increase of 5.39 billion CAD (8.20%). Exports to the United States were 47.96 billion CAD, up by 7.5 billion CAD (18.53%). Exports to China increased to 3.99 billion CAD, up by 1.7 billion CAD (73.89%). The Netherlands also saw a rise, with exports of 1.45 billion CAD, an increase of 667.98 million CAD (85.62%). However, exports to Japan fell to 1.07 billion CAD, down by 202.85 million CAD (-15.93%). Overall, total exports reached 69.53 billion CAD, an increase of 11.04 billion CAD (18.88%).
